Ah, the sweet smell of chlorine water on a hot, sunny day. Makes you want to go for a swim, right? Well, if you can afford it and your backyard is ready, start now to plan for the dig.
Cost. In-ground pools can run about $50,000, so before you decide to make that kind of investment, you may want to consider an attractive above-ground pool (if your neighborhood allows it). It’s easier to install and maintain, and may be the better option for your budget.
Ground around. Also consider whether the slope of your backyard is conducive to a pool at all. Installing a pool on ground that is not level jacks up the cost considerably and may make it unfeasible. In addition, make sure that the placement of the pool puts it in direct sunlight and that surrounding trees won’t make cleanup a nightmare. Also, make sure that lines of sight from the house are attractive. If you can’t see the pool from the house, it will make it less attractive to buyers when and if you sell. One more thing—make sure whoever is going to dig does so with full knowledge of what’s underneath for mains and power lines!
Size and shape. In addition, think long and hard about the size, shape and placement in relation to the rest of the yard. Too small or too big will forever look weird relative to the other non-moving parts of your yard—driveway, house (of course), gardens and outbuildings.
A pool can be a sensational addition to your property. Just know what you’re doing before you dive in!
Investing in real estate, done smartly, can set you up for residual income for years to come, if you go in prepared.
Total costs. When you’re buying apartments, office space or houses to rent—or even just investing in a cooperative investment group that does the same—make sure you account for the total cost of investment, short- and long-term. That means, taxes, insurance, maintenance, HOA fees (if applicable) and of course any loans on the property. Make sure you know the full sticker price before fooling yourself into committing to something you simply cannot afford.
Long-term prospects. Is the property in an up-and-coming, stable or declining area of town. Make sure you and your real estate agent do thorough homework on this. What looks good now may end up being a debacle five years from now if that part of town slides into general disrepair. Don’t get sucked into that if you can at all help it.
Property management. If you can, consider hiring a good property manager to run the day-to-day affairs of your investment. If you’re simply investing in one house, for example, it may not be worth it to you. But then you are responsible for all maintenance for your tenants. A good manager charging a modest fee can do wonders for your peace of mind!
Real estate can be a wonderful investment, if you do your homework and take into account all the costs of ownership. Do your diligence and dive in!
To translate an old saying, when it comes to preparing your home for the market, an ounce of staging is worth a pound of regular old cleanup.
Forbes magazine says that homes that are staged sell for about 17 percent more, on average than non-staged homes—and much faster, to boot. That ought to tell you all you need to know about the value of investing in a little staging before potential buyers show up. Here are a couple of pointers:
Bare only the essentials. When it comes to presenting your home to buyers, art and science join to present a home that looks lived-in, cheerful and fantastically neat. That means more than cleaning up though. It means placing flowers, books and even throw pillows either centered or symmetrically on tabletops, shelves, countertops and furniture. And keep it simple—no clutter, everything in a certain place for a reason. It’s about visual simplicity and completeness. You want to create a mental picture of peace and harmony in every corner of your house—kitchen, living room, bedrooms and bathrooms.
Make a path. Be a good guide and create a clear pathway through your home, even if people think they’re wandering about. You want furniture and even visual cues to guide people through your home in a way that feels natural and uncluttered. That way, they get through seeing what they want to see without ever feeling like they’ve intruded or had anything but a smooth journey through your house.
This and other staging tips can help you sell your home faster and for more!
Oh, the possibilities for revitalizing the heart of your home—the kitchen. Here are some of the latest trends:
Epoxy countertops. While stone and marble countertops will always win fans, they can cost you. Big. But with poured epoxy, you can get a solid, silky smooth countertop in virtually any color or pattern you desire for pennies on the dollar compared to granite. You can even do it yourself with some tutorials and a little courage.
Pendant lighting. Whether it’s teardrops from high up or a cluster of lantern-type lights, pendant lighting (especially above islands) has captured a lot of imaginations of late. They’re easy to install, have a timeless look about them and can put out an amazing amount of light.
Hidden storage. Slide-out organizers have been popular for a while, and for very good reason—they work. With limited space, these organizers keep pots, pans and trays in one spot, handy and out of sight. They also give you flexibility in storing other items like smaller appliances.
However, if you like having some kitchen items on display (and conveniently within reach), try some floating shelves. Rough-cut wood on black pipe is a popular choice of late, as are shelves that provide pops of color in what might otherwise be an all-stainless or white room.
Spring Break is just around the corner. The kids are vowing to be bored. You don’t have a ton of cash to spend, either. Nowhere to go? Try these ideas:
National parks. While only 26 states have national parks, a huge percentage of people in the U.S. live within a day’s drive of one. They’re inexpensive, they’re beautiful and they’ll provide sights, sounds and photos you can’t really get anywhere else. The inescapable beauty of Glacier, Yellowstone, Great Smoke Mountains and Shenandoah national parks will take your breath away and give your family something to reminisce about forever.
Go someplace new. Speaking of traveling, maybe all you need for a good time is to spend two or three days someplace none of you have ever been. It might be a new city or a nearby beach. It might be someplace with fun things to see and eat and do that you’ve never thought of. Search the web and spontaneously pick something. What do you have to lose?
Explore your hometown. If you live in or near a big city, there are always places you haven’t been. Make a list of 20 and go to one or two each day of spring break. The amount of fun stuff you’ve been missing right under your nose might just surprise you!
What do first-time home buyers really want in a house? It’s not like it used to be, when first-timers bought fixer-uppers with the expectation of months (or years) of building sweat equity. For better or for worse, expectations have changed, and that means young buyers are looking for:
Low-maintenance living. Because far fewer people are growing up on farms or in blue-collar families, fewer homebuyers are entering the market with a taste for home repair jobs like they were in times past. Buyers now are looking for homes with updated kitchens, bathrooms and amenities that won’t require the elbow grease of the past.
High-tech havens. In addition, younger buyers consider smart accessories like thermostats, electronic hubs and security systems more and more standard equipment rather than luxuries.
Proximity to attractions. First-time buyers also are looking for places closer to things to do. With couples getting married and having kids later than their parents and grandparents, proximity to good schools isn’t as important as perhaps it once was. The easier it is to get to the fun, the better for these buyers.
Modern or nostalgic interiors. It’s a toss-up with young buyers: They either honor the retro-chic of the 1920s and 30s or opt for ultra-modern. Sorry, 1970s—you’re not as cool as you think you are. So, if your home was built when Nixon was still in the White House and you’re thinking about selling, take a tip and upgrade: first-time buyers will likely give you a pass.
First impressions mean a lot, and that goes for your home, too. To make a good impression with front entrance, here are some tips:
Clean sweep. Before people get into your house, they have to walk up. A simple few pushes of a broom can do wonders for the overall appearance of your front walk. Make sure it’s kept clear of branches, leaves and debris.
Color it up. In addition, as guests are ringing the doorbell, make sure they see a dash of color by way of flowers or flowering shrubs. Wreaths or garlands on the door add a nice touch.
Light touch. A well-lit entrance is a welcoming entrance. Keep it well-lit with the brightest bulbs that you can and consider more than one light source if a large fixture is out of the question.
Extras. In addition, make sure there are immediate spots available for coats, shoes and winter gear. Welcome mats inside and out give people a place to both wipe their shoes and remove them (if you want them to).